Vault Positions
The LP page displays all active positions the vault holds, giving LPs full transparency into the protocol’s exposure and risk.
Position Dashboard
The positions table shows every active bet the vault is counterparty to:
| Field | Description |
|---|
| Game | The event being bet on |
| Market | Moneyline, spread, or total |
| Side | Which outcome the bettor took |
| Stake | Amount wagered |
| Liability | Maximum payout if bettor wins |
| Probability | Current implied probability |
| Position Value | Mark-to-market value |
Position Types
The vault holds positions across multiple bet types:
Sportsbook Bets
- Moneylines - Win/lose bets on games
- Spreads - Point spread bets
- Totals - Over/under bets
Parlays
- Multi-leg bets with combined odds
- Higher variance, higher fees
- Shown with all legs listed
Same Game Parlays (SGPs)
- Multiple bets on a single game
- Correlated outcomes
Fixed-Odds Events
- Custom markets and props
- User-created picks
Exposure Aggregation
Positions are grouped by:
- Game - All bets on the same event
- Market Type - Moneyline vs spread vs total
- Side - Home/away or over/under
This allows LPs to see net exposure per market:
Net Exposure = Away Liability - Home Liability
Real-Time Updates
Positions update in real-time:
- Live odds feeds - Probabilities adjust as odds change
- New bets - Appear immediately when placed
- Settlements - Removed when games complete
- Cashouts - Liability decreases when users cash out
Visual Indicators
- 🔴 Red flash - Position value increased (worse for vault)
- 🟢 Green flash - Position value decreased (better for vault)
- 📈 Sparklines - Show recent price movements
Understanding Position Value
Position value uses mark-to-market accounting:
Position Value = Stake × Fair Probability
A positive position value means the vault is expected to pay out. A negative value means expected profit.
Example
Bet: $100 on Lakers -3.5 at -110 odds
- Stake: $100
- Potential payout: $190.91
- Entry probability: 52.4%
- Current probability: 55%
Position value:
$190.91 × 0.55 = $105 (vault expects to pay ~$105)
$190.91 × 0.48 = $91.64 (vault expects to pay ~$92)
Risk Metrics
The positions page also shows aggregate risk:
| Metric | Description |
|---|
| Total Liability | Sum of all maximum payouts |
| Net Risk | Probability-weighted expected payout |
| Exposure by Sport | Risk breakdown by sport |
| Largest Positions | Highest individual exposures |
Counter Parlay Positions
Counter parlays appear separately:
- Held Stakes - USDC held for counter bettors (not LP equity)
- Counter Exposure - The vault’s exposure if original parlay loses
- Countered % - How much of each parlay is countered
Higher counter percentages reduce vault risk, as users take on exposure instead of LPs.
Why Transparency Matters
Full position visibility allows LPs to:
- Assess risk before depositing
- Understand variance in share price
- See diversification across markets
- Track large exposures that could impact returns
This transparency is a core principle of SportToken - LPs always know exactly what backs their shares..png?fit=max&auto=format&n=22_h12Gcmz5pVKsH&q=85&s=234b309c59eea33a4d73860c0dbb9ccf)